GBX FY 2018 Earnings Report — The Greenbrier Companies, Inc. Revenue & Financial Results | Market Cap Arena

The Greenbrier Companies, Inc.GBX

FY 2018 Earnings

Reported October 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.2B	—	15.7%
Op. Income	$207M	—	$257M	—	-19.5%
Gross Margin	16.6%	—	20.5%	—	-3.8pp
Net Margin	6.0%	—	5.3%	—	0.7pp
EPS (Diluted)	$4.68	—	$3.65	—	28.2%
Free Cash Flow	-$69M	—	$195M	—	-135.3%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.1B
GROSS PROFIT	$419M
R&D Expenses	$6M
Selling & Marketing	$0
General & Administrative	$200M
SG&A Expenses	$194M
Other Expenses	$12M
Operating Expenses	$212M
Cost & Expenses	$2.3B
OPERATING INCOME	$207M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$205M
Income Tax Expense	$33M
Net Income from Continuing Ops	$172M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$152M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$152M
D&A	$74M
EBIT	$255M
EBITDA	$330M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.1B
GROSS PROFIT	$419M
R&D Expenses	$6M
Selling & Marketing	$0
General & Administrative	$200M
SG&A Expenses	$194M
Other Expenses	$12M
Operating Expenses	$212M
Cost & Expenses	$2.3B
OPERATING INCOME	$207M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$205M
Income Tax Expense	$33M
Net Income from Continuing Ops	$172M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$152M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$152M
D&A	$74M
EBIT	$255M
EBITDA	$330M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$152M
Depreciation & Amortization	$74M
Stock-Based Compensation	$0
Deferred Income Tax	-$40M
Other Non-Cash Items	$19M
Change in Working Capital	-$96M
OPERATING CASH FLOW	$108M
Capital Expenditure	-$177M
Acquisitions (Net)	$118M
Purchases of Investments	-$26M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	$15M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$30M
Other Financing Activities	-$67M
NET CASH FROM FINANCING	-$89M
FREE CASH FLOW	-$69M
Net Change in Cash	-$81M

Balance Sheet

Item	Amount
Cash & Equivalents	$539M
Short-Term Investments	$0
Net Receivables	$348M
Inventory	$432M
Other Current Assets	-$19M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$911M
Goodwill	$78M
Intangible Assets	$44M
Long-Term Investments	$88M
Tax Assets	$0
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.5B
Account Payables	$226M
Short-Term Debt	$28M
Deferred Revenue	$106M
Other Current Liabilities	-$106M
TOTAL CURRENT LIABILITIES	$478M
Long-Term Debt	$436M
Deferred Revenue NC	$106M
Deferred Tax Liabilities	$32M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$574M
TOTAL LIABILITIES	$1.1B
Common Stock	$0
Additional Paid-In Capital	$443M
Retained Earnings	$831M
Treasury Stock	$0
Accum. Other Comp. Income	-$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$164M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$464M
Net Debt	-$76M